Stratabound files upgraded NI 43-101 technical report on Fremont Job, CA, validating boosts to both showed and presumed mineral resources

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Stratabound files upgraded NI 43-101 technical report on Fremont Job, CA, validating boosts to both showed and presumed mineral resources

Stratabound Minerals Corp. (TSXV: SB, OTCQB: SBMIF) (“ Stratabound“) reveals that it has actually submitted on SEDAR an upgraded National Instrument 43-101 technical report (the “Technical Report”) connecting to the Company’s Fremont Gold Property (the “Property”) situated in the Mother Lode Gold Belt of California. The Technical Report, which was prepared by SLR Consulting (Canada) Ltd. (SLR), has a reliable date of September 30, 2021 and is entitled “Technical Report on the Fremont Gold Project, Central California, USA, Report for NI 43-101”. The Company got the Fremont Project through a strategy of plan under business Corporations Act (Ontario) revealed in its news release of August 16, 2021.

The Property hosts a number of gold-mineralized events consisting of the Pine Tree-Josephine deposit, (the “Deposit”) for which a historical Mineral Resource price quote was prepared in 2016 by Roscoe Postle Associates Inc. (RPA), now part of SLR. The function of the Technical Report is to support the disclosure of an upgraded Mineral Resource quote for the Pine Tree-Josephine deposit, to record subsequent expedition work done somewhere else on, and to record the modification of ownership for the Property.

Open pit Mineral Resources approximated at a 0.4 g/t Au cut-off grade and based upon a gold rate of US$ 1,800 per ounce consist of 10,236,000 tonnes at a typical grade of 1.60 g/t Au for 526,000 ounces in this Resource classification and 10,920,000 tonnes at a typical grade of 1.29 g/t Au for 452,000 ounces in the Inferred Mineral Resource classification (Table 1). Mineral Resources comply with Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Resources outdated May 10, 2014 (CIM (2014) meanings).

Highlights of the upgraded Technical Report:

  • The Deposit Indicated Mineral Resource increased by 2.1%to 526,000 ounces of gold (10,236,000 tonnes grading 1.60 g/t gold)
  • The Deposit Inferred Mineral Resource increased by 24.2%to 452,000 ounces of gold (10,920,000 tonnes grading 1.29 g/t gold)
  • The present resource covers roughly 950 m along strike and reaches 350 m listed below surface area, staying open along strike and at depth.

Subsequent to the preceding historic 2016 Mineral Resource quote performed by RPA an overall of twenty-one diamond drill holes were finished on the Queen Specimen Zone situated roughly one kilometre north of the Pine Tree-Josephine deposit. The Queen Specimen Zone drilling does not impact the upgraded resource quote reported herein.

The Technical Report concludes, “There is great expedition possible staying at the Property and in other places on the Property.” It likewise advises extra expedition programs and analysis of historic info for the Fremont Project, particularly to check out the strike and dip extension of the existing gold mineralization, examine the capacity of other gold targets on the Property and boost self-confidence in the area of historic underground functions.

The resource price quote was prepared by Tudorel Ciuculescu, M.Sc., P.Geo., who is a Consultant Geologist with SLR. Mr. Ciuculescu is an independent “certified individual”, as specified by NI 43-101, and has actually examined and authorized the technical contents of this news release.

ABOUT THE FREMONT PROJECT

The Fremont Gold Project situated in Mariposa County, California lies within California’s respected Mother Lode Gold Belt. The Project hosts 4 gold incidents consisting of 2 historic underground cash cow throughout roughly one kilometre out of an overall 4 kilometres of strike along the local Mother Lode Shear Zone extending throughout and beyond the Property.

ABOUT STRATABOUND

Stratabound Minerals Corp. is a Canadian expedition and advancement business that, in addition to establishing its brand-new flagship Fremont Gold Project is likewise concentrated on gold expedition at its Golden Culvert Project, Yukon Territory and its McIntyre Brook Project, New Brunswick, Canada. The Company likewise holds a substantial land position that hosts 3 base metals deposits in the Bathurst base metals camp of New Brunswick including the Captain Copper-Cobalt-Gold Deposit that hosts a Measured and Indicated Resource prepared following CIM (2014) Definition Standards.

Mr. R. Kim Tyler, P.Geo., President and CEO of Stratabound, and a “Qualified Person” for the function of NI 43-101, has actually evaluated and authorized the contents and technical info of this press release.

For more details, please go to the business’s site at www.stratabound.ca or contact: R. Kim Tyler, President and CEO 416-915-4157 info@stratabound.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is specified in the policies of the TSX Venture Exchange) accepts duty for the adequacy or precision of this release.

WARNING: The Company trusts lawsuits security for “positive” declarations. The info in this release might consist of positive details under appropriate securities laws. This positive info goes through recognized and unidentified threats, unpredictabilities and other aspects that might trigger real outcomes to vary materially from those suggested by the positive info. Elements that might trigger real outcomes to differ materially consist of, however are not restricted to, unreliable presumptions worrying the expedition for and advancement of mineral deposits, currency variations, unexpected functional or technical problems, modifications in laws or policies, failure to get regulative, exchange or investor approval, the threats of getting essential licenses and licenses, modifications in basic financial conditions or conditions in the monetary markets and the failure to raise extra funding. Readers are warned not to put unnecessary dependence on this positive info. The Company does not presume the commitment to modify or upgrade this positive details after the date of this release or to modify such info to show the event of future unexpected occasions, other than as might be needed under appropriate securities laws.


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